JPMorgan Doubles Holdings in IBIT as Market Activity Rises

Investment giant JPMorgan Chase has significantly boosted its holdings of IBIT stock, according to recent regulatory filings. The firm’s latest 13F disclosure reveals a substantial increase, with ownership jumping by 64% compared to June. As of September 30th, the bank reported owning approximately 5,284,190 shares, valued at an estimated $343 million. This move comes amid a flourishing investment landscape, fueled by notable activity in the IBIT market.